First Federal Savings and Loan Association in Pascagoula, Mississippi (MS)



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First Federal Savings and Loan Association
GeneralFDIC Certificate #: 30812
Status: Active
Federal Reserve ID: 90177
Date Established: October 28, 1955
WWW: http://www.firstwithus.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 5957
FDIC's unique #: 43646
Numeric code: 38
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: October 28, 1955
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 903 Jackson Ave, Pascagoula, MS 39567
County: Jackson
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Jackson Ms
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Biloxi-Gulfport-Pascagoula, MS (#920)
Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274)
Core Based Statistical Area (CBSA): Pascagoula, MS (#37700)
CBSA Metro Statistical Area: Pascagoula, MS (#37700)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $268.0 mil
Equity capital: $21.1 mil
Deposits held in domestic offices: $176.7 mil
Return on assets (ROA): 0.30% ($0.8 mil)
Quarterly return on assets: 0.29% ($0.8 mil)
Return on Equity (ROE): 3.88% ($0.8 mil)
Quarterly return on equity: 3.64% ($0.8 mil)
Net income: $0.8 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.29% ($777.2 mil)
Quarterly Pretax return on assets: 0.28% ($750.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)55
Total assets$267,984
Cash and due from depository institutions$8,972
Interest-bearing balances$1,407
Securities$26,360
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$214,041
Loan loss allowance $893
Trading account assets$0
Bank premises and fixed assets$6,994
Other real estate owned$1,182
Goodwill and other intangibles$0
All other assets$10,435
Life insurance assets$267,984
Total liabilities and capital$246,879
Total liabilities$176,717
Total deposits$167,659
Interest-bearing deposits$176,717
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$69,394
Other borrowed funds $0
Subordinated debt $768
All other liabilities $21,105
Total equity capital$21,105
Total bank equity capital$21,105
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $21,105
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,541
Earning assets $0
Long-term assets (5+ years) $1,066
Average Assets, year-to-date $241,808
Average Assets, quarterly $0
Volatile liabilities $266,125
Insider loans $266,939
FHLB advances $132,431
Loans and leases held for sale $267,886
Unused loan commitments $4,521
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $21,040
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,598
Derivatives$931
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,828
Total interest expense $5,921
Net interest income $6,907
Provision for loan and lease losses $248
Total noninterest income $510
Fiduciary activities $0
Service charges on deposit accounts $100
Trading account gains & fees $0
Additional noninterest income $410
Total noninterest expense $6,462
Salaries and employee benefits $3,834
Premises and equipment expense $1,264
Additional noninterest expense $1,364
Pre-tax net operating income $707
Securities gains (losses) $68
Applicable income taxes -$30
Income before extraordinary items $805
Extraordinary gains - net $0
Net income attributable to bank $805
Net charge-offs $0
Cash dividends $805
Sale, conversion, retirement of capital stock, net $336
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.30%
Cost of funding earning assets 2.44%
Net interest margin 2.85%
Noninterest income to earning assets 0.21%
Noninterest expense to earning assets 2.67%
Net operating income to assets 0.28%
Return on assets (ROA) 0.30%
Pretax return on assets 0.29%
Return on equity (ROE) 3.88%
Retained earnings to average equity (YTD only) 3.88%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 73.81%
Efficiency ratio2.84%
Assets per employee$87,124
Cash dividends to net income (YTD only)4.87%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.42%
Noncurrent assets plus other real estate owned to assets 35.14%
Noncurrent loans to loans 1.39%
Net loans and leases to deposits1.18%
Net loans and leases to core deposits 121.12%
Equity capital to assets 145.75%
Core capital (leverage) ratio 7.88%
Tier 1 risk-based capital ratio 7.85%
Total risk-based capital ratio 15.89%
Memoranda
Average assets$17
Average earning assets$266,125
Average equity $20,746
Average loans $242,230
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6 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043646First Federal Savings And Loan Assoc903 Jackson Ave, Pascagoula, MS 39567October 28, 1955Full Service Brick and Mortar
22822114201 Bellview Branch4201 Bellview, Moss Point, MS 39563October 28, 1955Full Service Brick and Mortar
1002822122601 Hwy 90 Branch1414 Highway 90, Gautier, MS 39553October 28, 1955Full Service Brick and Mortar
1014444943905 Beinville Boulevard Branch3905 Beinville Boulevard, Ocean Springs, MS 39564September 12, 2003Full Service Brick and Mortar
102492438Hurley BranchHway 613, Hurley, MS 39555March 03, 2008Full Service Brick and Mortar
103492439Vancleave Branch10900 Highway 57, Vancleave, MS 39565January 14, 2008Full Service Brick and Mortar
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